Owner beware — first major PPSA decision confirms your worst fears
The first major Australian decision under the Personal Property Securities Act 2009 (PPSA) has been handed down. In Maiden Civil (P&E) Pty Ltd v Queensland Excavation Services Pty Ltd & Ors  NSWSC 852, Brereton J has followed Canadian and New Zealand decisions and confirmed that the PPSA has significantly eroded the primacy of ownership in Australian law…
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Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
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